Homework Answers
Add Answer to:
Answer the following questions using the aggregate expenditures model of the economy described below. C =...
Use the following macroeconomic model structure to answer the questions followed. 8 pts C = 300...
Use the following macroeconomic model structure to answer the questions followed. 8 pts C = 300 + 0.8Yd; C = consumption function; Yd (Y-T) = disposable income I = 200; I = Investment G = 400; G = Government expenditure T = 200; T = Tax revenue Also assume that Yf = Full employment GDP (Potential GDP) = 5,000 8.1. The equilibrium GDP level (income) is _________. Hint: Ye = C+I+G a. 2,850 b. 3,700 c. 3,145 d. 3,800 8.2....
Refer to the accompanying table in answering the questions that follow: Aggregate Expenditures (Catlg+Xn+G), Billions 420...
Refer to the accompanying table in answering the questions that follow: Aggregate Expenditures (Catlg+Xn+G), Billions 420 Real Domestic Output, Possible Levels of Employment, Millions 70 90 110 130 150 Billions 400 450 460 500 540 580 600 a. If full employment in this economy is 150 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? (Click to select) What will be the consequence of this gap? (Click to select) By how much would aggregate expenditures in...
Use the following macroeconomic model to answer questions from Q1 through Q11: C 115 + 0.75Yd,...
Use the following macroeconomic model to answer questions from Q1 through Q11: C 115 + 0.75Yd, where C = Consumption function; Yd (Y-T-Disposable income I 150; Investment G-200; G Government expenditure T-100; T = Tax revenue 40; X = Export M = 30; M-Import Also assume that Yf Full employment GDP (potential GDP) 2,000 a1. Estimate the equilibrium GDP level (income, Ye). Q2. Estimate the level of aggregate consumption (C) Q3. Estimate the level of aggregate saving (S) Q4. The...
Could you please help me with 1a-c. Pictures below. It would be greatly appreciated. Thankyou so...
Could you please help me with 1a-c. Pictures below. It would
be greatly appreciated. Thankyou so much.
1.a)
b)
c)
Use the information below for a four sector economy, answer the following questions: - 300 +0.75 Yd = = DELUXE 150 400 = Disposable Income GDP Consumption Taxes Investment Exports Imports Full Employment GDP Equilibrium Income 150 2,691 = YT Part 1: What is the value of autonomous expenditures Number Part 2: What is the slope of the aggregate expenditure...
Refer to the accompanying table to answer the questions that follow. (1) (2) (3) Real Domestic...
Refer to the accompanying table to answer the questions that follow. (1) (2) (3) Real Domestic Output, Billions Aggregate Expenditures (Ca + lg + Xn + G), Billions $520 $500 Possible Levels of Employment, Millions 90 100 110 120 130 550 560 600 650 700 600 640 680 a. If full employment in this economy is 130 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? Inflationary expenditure gap What will be the consequence of this...
The data of the open economy of Lowland is given below. All values are in Smillions. Use the information given below an...
The data of the open economy of Lowland is given below. All values are in Smillions. Use the information given below and your knowledge to answer the questions that follows. Consumption: C = 30+ 0.6 YD Disposable income: YD-Y-NT Government's net tax: NT - 4 +0.2Y Planned investment: I = 40 Government's expenditure: G-20 Export: X-50 Import: 10+ 0.05Y Using the information given above calculate the following: (a) Marginal propensity to save? (b) Equilibrium level of income. (c) Value for...
Answer the following questions, which relate to the aggregate expenditures model: Instructions: Enter your answer as...
Answer the following questions, which relate to the aggregate
expenditures model:
Instructions: Enter your answer as a whole
number.
a. Given the following: Ca = $120,
Ig = $60, Xn = − $10, and
G= $30, what is the economy’s equilibrium
GDP?
b. If real GDP in an economy is currently $230, will the
economy’s real GDP rise, fall, or stay the same?
(Click to select) Real GDP will
rise. Real GDP will fall. Real
GDP stay the same.
c. Suppose that full-employment...
Use the following information to answer questions 3 - 10 Y- C+IG+X-IM where: C= 200 +...
Use the following information to answer questions 3 - 10 Y- C+IG+X-IM where: C= 200 + 0.75 DI I = 100 G 100 X = 100 IM 200 Also assume that T Tr-0 full-employment real GDP (YF) $2000 Question 6 (10 points) The "oversimplified" expenditure multiplier equals: 0.25 0.75 4 5 10 Question 7 (10 points) What type of output gap exists, and how much is the gap equal to? recessionary gap equal to $200 inflationary gap equal to $200...
C = $300 billion + 0.75 YD I = $300 billion Use this information to complete...
C = $300 billion + 0.75 YD I = $300 billion Use this information to complete this problem: Identify the equilibrium rate of output (or GDP) . If full-employment GDP equals $2500 billion ,what kind of Gap will develop (recessionary or Inflationary ) ? Explain clearly. How much is the gap ? What is the value of the multiplier? What would happen to equilibrium GDP if the rate of investment increased to $350 from current $300 billion per year? What...
Suppose an economy can be represented by the following table, in which employment is in millions...
Suppose an economy can be represented by the following table, in which employment is in millions of workers and GDP and AE are expressed in billions of dollars: Employment Real GDP 100 105 110 115 120 125 1200 1300 1400 1500 1600 1700 Aggregate Expenditures 1275 1350 1425 1500 1575 1650 Use the table to answer the following: What is the equilibrium level of GDP? size? GDP. What is the multiplier in this economy? below the economy's potential, what is...
Refer to the accompanying table in answering the questions that follow: Aggregate Expenditures (Catlg+Xn+G), Billions 420 Real Domestic Output, Possible Levels of Employment, Millions 70 90 110 130 150 Billions 400 450 460 500 540 580 600 a. If full employment in this economy is 150 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? (Click to select) What will be the consequence of this gap? (Click to select) By how much would aggregate expenditures in...
Use the following macroeconomic model to answer questions from Q1 through Q11: C 115 + 0.75Yd, where C = Consumption function; Yd (Y-T-Disposable income I 150; Investment G-200; G Government expenditure T-100; T = Tax revenue 40; X = Export M = 30; M-Import Also assume that Yf Full employment GDP (potential GDP) 2,000 a1. Estimate the equilibrium GDP level (income, Ye). Q2. Estimate the level of aggregate consumption (C) Q3. Estimate the level of aggregate saving (S) Q4. The...
Could you please help me with 1a-c. Pictures below. It would
be greatly appreciated. Thankyou so much.
1.a)
b)
c)
Use the information below for a four sector economy, answer the following questions: - 300 +0.75 Yd = = DELUXE 150 400 = Disposable Income GDP Consumption Taxes Investment Exports Imports Full Employment GDP Equilibrium Income 150 2,691 = YT Part 1: What is the value of autonomous expenditures Number Part 2: What is the slope of the aggregate expenditure...
Refer to the accompanying table to answer the questions that follow. (1) (2) (3) Real Domestic Output, Billions Aggregate Expenditures (Ca + lg + Xn + G), Billions $520 $500 Possible Levels of Employment, Millions 90 100 110 120 130 550 560 600 650 700 600 640 680 a. If full employment in this economy is 130 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? Inflationary expenditure gap What will be the consequence of this...
The data of the open economy of Lowland is given below. All values are in Smillions. Use the information given below and your knowledge to answer the questions that follows. Consumption: C = 30+ 0.6 YD Disposable income: YD-Y-NT Government's net tax: NT - 4 +0.2Y Planned investment: I = 40 Government's expenditure: G-20 Export: X-50 Import: 10+ 0.05Y Using the information given above calculate the following: (a) Marginal propensity to save? (b) Equilibrium level of income. (c) Value for...
Answer the following questions, which relate to the aggregate
expenditures model:
Instructions: Enter your answer as a whole
number.
a. Given the following: Ca = $120,
Ig = $60, Xn = − $10, and
G= $30, what is the economy’s equilibrium
GDP?
b. If real GDP in an economy is currently $230, will the
economy’s real GDP rise, fall, or stay the same?
(Click to select) Real GDP will
rise. Real GDP will fall. Real
GDP stay the same.
c. Suppose that full-employment...
Use the following information to answer questions 3 - 10 Y- C+IG+X-IM where: C= 200 + 0.75 DI I = 100 G 100 X = 100 IM 200 Also assume that T Tr-0 full-employment real GDP (YF) $2000 Question 6 (10 points) The "oversimplified" expenditure multiplier equals: 0.25 0.75 4 5 10 Question 7 (10 points) What type of output gap exists, and how much is the gap equal to? recessionary gap equal to $200 inflationary gap equal to $200...
Suppose an economy can be represented by the following table, in which employment is in millions of workers and GDP and AE are expressed in billions of dollars: Employment Real GDP 100 105 110 115 120 125 1200 1300 1400 1500 1600 1700 Aggregate Expenditures 1275 1350 1425 1500 1575 1650 Use the table to answer the following: What is the equilibrium level of GDP? size? GDP. What is the multiplier in this economy? below the economy's potential, what is...
Most questions answered within 3 hours.
-
A study indicates that 90% of American teenagers have tattoos.
You randomly sample 10 teenagers. Find...
asked 8 minutes ago -
The Kaof HCN is 4.9 x 10-10
You combine the following solutions:
i.
250 mL of...
asked 16 minutes ago -
Consider the following description:
"University consists of a number of schools. Each school offers
several distinct...
asked 37 minutes ago -
Part A)
What mass of silver chloride can be produced from 1.12 L of a
0.296...
asked 33 minutes ago -
Evidence indicates that inadequate rest and sleep may shorten
your life span by approximately
Group of...
asked 34 minutes ago -
A camera is equipped with a lens with a focal length of 22 cm.
When an...
asked 38 minutes ago -
Two vertical, long, straight wires each carry a current of 4.89
A in the upward direction...
asked 30 minutes ago -
5. Construct the full model with an LRAS, a SRAS, and an AD
curve. Discuss the...
asked 49 minutes ago -
Write a C++ program to manage a Point of Sale System for a
Supermarket. The main...
asked 47 minutes ago -
Lean was started as:
An offshoot of the quality movement after WWII
As Toyota wanted to...
asked 48 minutes ago -
Which of the following species can be regarded as electron
deficient? Justify your answer in terms...
asked 51 minutes ago -
At t=0 a grinding wheel has an angular velocity of 24.0 rad/s .
It has a...
asked 55 minutes ago